Question

During March, the production department of a process operations system completed and transferred to finished goods...

During March, the production department of a process operations system completed and transferred to finished goods 39,000 units that were in process at the beginning of March and 160,000 units that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 50% complete with respect to labor. At the end of March, 39,000 additional units were in process in the production department and were 100% complete with respect to materials and 65% complete with respect to labor. The production department incurred direct materials cost of $253,300 and its beginning inventory included materials cost of $93,600. Compute the direct materials cost per equivalent unit for the department using the weighted-average method.

  • $1.74.

  • $2.17.

  • $1.37.

  • $1.58.

  • $1.46.

Homework Answers

Answer #1
  • Correct Answer = Option #5 $ 1.46
  • Working

EUP - Weighted Average Method

Units

% Material

EUP Materials

Units TRANSFERRED

199,000

100%

199,000

Units of ENDING WIP

39,000

100%

39,000

Equivalent Units of Production

238,000

COST per EUP

Material

Cost of Beginning WIP

$          93,600.00

Cost incurred during the period

$        253,300.00

Total Costs

Costs

$        346,900.00

Equivalent units of production

EUP

238,000

Cost per EUP

$              1.45756 or $ 1.46 Answer

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
During March, the production department of a process operations system completed and transferred to finished goods...
During March, the production department of a process operations system completed and transferred to finished goods 27,000 units that were in process at the beginning of March and 190,000 units that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 60% complete with respect to labor. At the end of March, 27,000 additional units were in process in the production department and were 100% complete with respect to materials and 45%...
During November, the production department of a process operations system completed and transferred to finished goods...
During November, the production department of a process operations system completed and transferred to finished goods 22,000 units that were in process at the beginning of November and 140,000 units that were started and completed in November. November's beginning inventory units were 100% complete with respect to materials and 70% complete with respect to conversion. At the end of November, 36,000 additional units were in process in the production department and were 100% complete with respect to materials and 50%...
During November, the production department of a process operations system completed and transferred to finished goods...
During November, the production department of a process operations system completed and transferred to finished goods 20,000 units that were in process at the beginning of November and 130,000 that were started and completed in November. November's beginning inventory units were 100% complete with respect to materials and 70% complete with respect to conversion. At the end of November, 33,000 additional units were in process in the production department and were 100% complete with respect to materials and 65% complete...
During April, the production department of a process manufacturing system completed a number of units of...
During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 66,000 were in process in the production department at the beginning of April and 264,000 were started and completed in April. April's beginning inventory units were 65% complete with respect to materials and 35% complete with respect to conversion. At the end of April, 88,000 additional units were in process in the...
During April, the production department of a process manufacturing system completed a number of units of...
During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 66,000 were in process in the production department at the beginning of April and 264,000 were started and completed in April. April's beginning inventory units were 65% complete with respect to materials and 35% complete with respect to conversion. At the end of April, 88,000 additional units were in process in the...
During April, the production department of a process manufacturing system completed a number of units of...
During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 75,000 were in process in the production department at the beginning of April and 300,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. At the end of April, 97,000 additional units were in process in the...
The production department in a process manufacturing system completed 90,000 units of product and transferred them...
The production department in a process manufacturing system completed 90,000 units of product and transferred them to finished goods during a recent period. Of these units, 36,000 were in process at the beginning of the period. The other 54,000 units were started and completed during the period. At period-end, 18,000 units were in process Part 1. Prepare the department’s equivalent units of production with respect to direct materials under each of three separate assumptions using the weighted-average method for process...
The production department in a process manufacturing system completed 82,000 units of product and transferred them...
The production department in a process manufacturing system completed 82,000 units of product and transferred them to finished goods during a recent period. Of these units, 24,600 were in process at the beginning of the period. The other 57,400 units were started and completed during the period. At period-end, 16,100 units were in process. Prepare the department’s equivalent units of production with respect to direct materials under each of the three separate assumptions using the FIFO method for process costing....
Georgia Products Inc. completed and transferred 214,000 particle board units of production from the Pressing Department....
Georgia Products Inc. completed and transferred 214,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 19,000 units, which were 3/5 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $780,550, direct labor cost incurred was $91,290, and factory overhead applied was $21,410. Determine the following for the Pressing Department. Round "cost per equivalent...
Georgia Products Inc. completed and transferred 155,000 particle board units of production from the Pressing Department....
Georgia Products Inc. completed and transferred 155,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 13,000 units, which were 4/5 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $798,000, direct labor cost incurred was $174,170, and factory overhead applied was $40,850. Determine the following for the Pressing Department. Round "cost per equivalent...